South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an ...
Tag: Korean
Multiple Korean banks under probe for $6.5 billion worth of suspicious transactions
Days after making their first arrests in a probe over suspicious multi-billion cryptocurrency-linked transactions via multiple branches of two South Korean banks, the authorities discovered additional...
GameFi as a major achievement of the Korean Wave (Hallyu) movement
July 15th was a music milestone. Ten years ago in Summer 2012, the release of “Gangnam Style,” catapulted South Korean singer and rapper, PSY to stardom as the song instantly became a global hit. Capt...
Australian, South Korean Investors Pour More Cash Into SpaceX At $125 Billion Price Tag
Onlookers in Seoul, South Korea watched SpaceX launch the nation’s first lunar orbiter on August 5, 2022. Now a South Korean investment firm is pouring millions into the rocket startup. AFP via ...
Task Force to Expedite Review of South Korean Virtual Asset Bills
South Korea’s top financial regulator has assigned a task force to “expedite the review process of bills on virtual assets,” said its chairman Kim Joo-hyun. The task force will consist of private-sect...
Former FBI intelligence analyst warns North Korean crypto hacking ‘to get worse’
Crypto hacks in North Korea are getting out of hand as state-sponsored hackers continue to target blockchain companies, a cybersecurity expert warns. Nick Carlsen, a blockchain analyst at TRM Labs a...
Korean House Cleaning App Miso Wants To Become The Amazon Of Home Services
Miso head Victor Ching is aiming to replicate his app’s success in home cleaning to sweep up new business at home and overseas. Over the past seven years, Victor Ching has carved out a niche in the ho...
Axie Infinity to ‘Double Down’ on Korean Market Despite Local P2E Ban
Axie Infinity is looking to improve global adoption by enhancing the gaming experience and expanding its ecosystem through new battle modes. Axie Infinity’s parent company Sky Mavis is planning to “do...
Axie Infinity looking to ‘double-down’ on Korean market: KBW
Sky Mavis, the firm behind play-to-earn (P2E) heavyweight Axie Infinity is looking to “double down” in South Korea and ramp up adoption despite the regulatory hurdles. Speaking with Cointelegraph at t...
Korean Blockchain Project Klaytn Commits $20M to Asian Universities for Blockchain Research
Klaytn, introduced by messaging app Kakao’s blockchain arm Ground X, went live in 2019 and now has “millions of users in Korea,” it said. Its KLAY token has over $880 million market ...
Crypto.com Buys South Korean Startups to Compete With Local Giants
The exchange announced its local acquisitions during Korea Blockchain Week in Seoul The buyouts helped Crypto.com gain registration under South Korea’s Electronic Financial Transaction Act Crypto mark...
Debridge Finance Accuses North Korean Hackers Lazarus Group Of Cyberattack
In 2022, the crypto industry witnessed several attacks against DeFi protocols such as cross-chain bridges. Majority of these hackers remain unknown. However, a North Korean hacking collective, L...
‘Crossings’ Follows A Walk For Peace As It Crosses The Korean Divide
The delegation crossed the DMZ to promote peace and reunification. AAIFF When Korean American activist Christine Ahn asked Deann Borshay Liem to join women peacemakers as they crossed the demilitarize...
Debridge Finance Suspects North Korean Hacking Syndicate Lazarus Group Attacked the Protocol’s Team – Bitcoin News
According to the co-founder of Debridge Finance, Alex Smirnov, the infamous North Korean hacking syndicate Lazarus Group subjected Debridge to an attempted cyberattack. Smirnov has warned Web3 teams t...
North Korean Hackers Behind DeBridge Finance Attack: Co-Founder
Alex Smirnov, co-founder and project lead at DeBridge Finance, took to Twitter on Friday to report that his company was the target of an attempted cyberattack by the infamous North Korean Lazarus Grou...
Crypto Insider Christopher Emms Details North Korean Conference
Emms traveled to North Korea’s blockchain conference alongside Virgil Griffith in 2019 The US wants to extradite him but has yet to provide supporting evidence Christopher Emms, a veteran crypto insid...
South Korean Banks On Radar As Regulator Investigates Kimchi Premium Bitcoin ‘Irregularities’
South Koreans might be on the front line. The government, media, and regulators increased the scrutiny of the banks’ role in enabling kimchi premium dealers to profit quickly when trading volume...
The Second Phase Of VC Fund By The South Korean VC Firm “Hashed”
The CEO of blockchain venture capital (VC) firm, Kim-Seo Joon, said they would support GameFi projects. The blockchain VC firm named Hashed already suffers from the loss of $3.6 billion of LUNA. But s...
South Korean VC firm Hashed lost more than $3 billion in LUNA collapse
Hashed CEO Simon Seojoon Kim disclosed in a Bloomberg interview that the VC firm lost more than $3 billion from its investment in LUNA after it crashed in May 2022. Hashed bought about 30 million LUNA...
South Korean VC Firm Hashed Lost Up to $3.6B to LUNA Crash: CEO
With many crypto companies notably finding it difficult to share the extent to which the collapse of TerraUSD (UST) and LUNA coins affected their businesses, Simon Seojoon Kim, the Chief Executive Off...
North Korean Hackers Copypaste LinkedIn Resumes to Get Jobs at Cryptocurrency Companies
Aug 02, 2022 at 13:17 // News Hackers from North Korea are plagiarising information from legitimate resumes on various hiring platforms such as LinkedIn. They use the stolen data to apply for jobs at ...
North Korean Hackers Flood the Crypto Job Market With Plagiarized Resumes
Due to a longstanding embargo on the North Korean regime, local authorities have made headlines countless times for unusual – and often illegal – ways to gather funds. From hacking regular banks to fa...
Korean crypto exchange KODA to use Uppsala to boost AML and threat detection » CryptoNinjas
Uppsala, a blockchain security service provider for crypto AML/CTF, transaction risk management, regulatory compliance, and transaction tracking, has announced today that it has signed a contract to s...
North Korean Spies Attempting To Infiltrate US Crypto Companies To Gather Intelligence: Report
A new report suggests North Korean agents are attempting to falsify their way into the crypto space for nefarious purposes. According to a new Bloomberg report, North Koreans are plagiarizing real Lin...
South Korean Banker Allegedly Embezzles $1.1M to Invest in Bitcoin
An employee at the South Korean BNK Busan Bank allegedly embezzled 1.48 billion won ($1.1 million) of clients’ funds to invest in Bitcoin. Between June 9 and July 25, an employee working on the bank’s...
Korean Documentaries To Air At Asian American International Film Festival
‘Crossings’ tells the story of a women’s march for the unification of North and South Korea. AAIFF The Asian American International Film Festival (AAIFF) will celebrate its 45th anni...
US Grants up to $10M for Information Regarding North Korean Crypto Hackers
The US State Department vowed to give up to $10 million to anyone who gives valuable information that could be used against North Korean cryptocurrency hacking collectives. The amount is double the pr...
Crypto Insider Stuck in Saudi Arabia Over North Korean Conference
Emms has been in legal limbo in Saudi Arabia for the past five months, awaiting potential extradition to the US UK parliament member Crispin Blunt is now petitioning the Foreign Office to intervene Cr...